New poultry firm plans IPO
Published: 01 Nov 2009 23:02:11 PST
Qatar's Zad Holding said on Sunday it planned to sell a 50 percent stake in a new poultry company under creation, including through an initial public offering.
'Zad Holding Company plans to have 50 percent ownership in the company to be founded and to offer a 20 percent stake to strategic partners and remaining 30 percent to the public as an IPO,' it said in a statement on the Qatar bourse website.
The firm said it expected final approval for the project from authorities 'soon.' It did not give further details.
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